Global Military Simulation & Training Market Overview:
The use of computer simulations is a practical, limited-cost substitute for expensive physical training. Simulation offer training where physical training cannot be conducted easily such as natural disasters, large-scale terrorism. Well-designed virtual military simulations are motivational, interactive, educational, flexible and, not to forget, fun. Training is considered to be one of the crucial factors in achieving the military goal. Some of the key players profiled in the study are BAE Systems PLC (United Kingdom), CAE Inc. (Canada), Elbit Systems Ltd (Israel), Israel Aerospace Industries Ltd (Israel), L-3 Technologies, Inc. (United States), Lockheed Martin Corporation (United States), Northrop Grumman Corporation (United States), Rockwell Collins, Inc. (United States), Thales Group (France) and Boeing Company (United States).
On the basis of geography, the market of Military Simulation & Training has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, Sweden, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Israel, Africa), North America (United States, Canada, Mexico). If we see Market by Platform, the sub-segment i.e. Flight Simulation will boost the Military Simulation & Training market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Training Type, the sub-segment i.e. Live will boost the Military Simulation & Training market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Adoption of Virtual Training To Ensure Safety
- Increasing Demand for Conventional and Military Equipment’s( such as Camera) and Software
- Technology Advancement and Innovation in the Field of Military Training
- Stringent Government Rules and Regulations
- Complex Simulation System
- Rising Defense Expenditure on Military Simulation and Training
- Increasing R&D Activities in the Field of Military Simulation and Training
Major Market Developments:
On November 26, 2018, Rockwell Collins has launched Griffin-2, the next-generation of the company’s industry-leading 360-degree visual system for military fast-jet simulated training
Military Simulator Manufacturers, Manufacturers Military Equipment, Government and Regulatory Bodies, Military and Defense Organizations, Software Providers and Service Providers
Major Objectives Focused through this Study
To define, describe, and forecast the Global Military Simulation & Training market on the basis of product  , application [Ground, Airborne and Naval], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Military Simulation & Training market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, Sweden, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Israel, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Military Simulation & Training industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Military Simulation & Training market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.